Bertelsmann India Investments has returned to back online lending marketplace Lendingkart as part of a series D round that took its overall equity funding to at least $143m.
India-based online lending platform Lendingkart has raised $30m in a series D round that included Bertelsmann’s India Investments, a corporate venturing vehicle for media group Bertelsmann, TechCrunch has reported.
The corporate was joined by investment firm India Quotient and Fullerton Financial, an asset management subsidiary of Singaporean state-owned investment firm Temasek.
Founded in 2014, Lendingkart markets short-term loans to small and medium-sized businesses through its online platform, with the financing sourced from its lending affiliates.
The platform scores an applicant’s…
